Kentucky State Racing Commission: Financial Benefits to the State and Nation Through Taxes on Its Racing Products., Daily Racing Form, 1918-01-20

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KENTUCKY STATE RACING COMMISSION Financial Benefits to the State anil Nation Through Taxes on Its Racing Products The sixth biennial report of the Kentucky state racing commission to tlw Kentucky general assem ¬ bly as reiiuired by the law creating the commis ¬ sion was made public yesterday by Secretary Sam C Nuckols The report covers the activities of the commission during the post two years and quotes the enactment of the general assembly last year under which the race tracks in this state are re ¬ quired to pay licenses for each day of operation The amount of license paid to the state last year is given as 40700 of this tlie Kentucky Associa ¬ tion Lexington paid 4200 New Louisville Jockey Club Churchill Downs 9500 Douglas Park Jockey Club Douglas Park Louisville 10000 and La tonia Jockey Tub Covington 23000 Tlie federal war tax applied only during the last ten days of racing at Latonia in fjie fall and produced 7000 The commission estimates that the average produc ¬ tion to tlie government from this tax at the spring meetings dailyA should approximate 1000 daily A detailed account of the premiums awarded at exhibitions of the commissions breeding bureau stallions is embodied in the report and tho racing rules adopted and amended during the year are set out in full The report which is signed by the five members of the commission concludes with the statement that the effect of Kentuckys legislation has been highly benefivial to racing and the horse industry in other states The Kentucky act has Iwen used as a model for legislation in other states statesThe The commission instead of being a burden upon the state has enriched its treasury and has brought great benefit to the states live stock interests


Persistent Link: https://drf.uky.edu/catalog/1910s/drf1918012001/drf1918012001_2_6
Local Identifier: drf1918012001_2_6
Library of Congress Record: https://lccn.loc.gov/unk82075800